REG-Invesco Perp Sel Tst: Conversion of Securities

Invesco Select TrustAnnouncement

30/07/2019 16:50

INVESCO PERPETUAL SELECT TRUST PLC

LEI: 549300JZQ39WJPD7U596

Headline:       Conversion of Shares

The Board of Invesco Perpetual Select Trust plc (the ‘Company’) announces
that valid Conversion Notices have been received in respect of:

  1,676 UK Equity Shares                 
  4,120 Global Equity Income Shares      
  3,558 Balanced Risk Allocation Shares  
    240 Managed Liquidity Shares         

The respective Conversion Ratios were as follows:

-    For every UK Equity Share converted, holders will receive 0.842761
Global Equity Income Shares, 1.231720 Balanced Risk Allocation Shares or
1.705410 Managed Liquidity Shares;

-    For every Global Equity Income Share converted, holders will receive
1.186576 UK Equity Shares, 1.461530 Balanced Risk Allocation Shares or
2.023599 Managed Liquidity Shares;

-    For every Balanced Risk Allocation Share converted, holders will
receive 0.811873 UK Equity Shares, 0.684215 Global Equity Income Shares or
1.384576 Managed Liquidity Shares;

-    For every Managed Liquidity Share converted, holders would receive
0.586369 UK Equity Shares, 0.494169 Global Equity Income Shares or 0.722243
Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 1 August 2019, are based on
the relative net asset values of the Company’s Share classes as at close of
business on 25 July 2019.

Individual Shareholders’ entitlements on conversion on 1 August 2019 will be
rounded down to the nearest whole number of Shares. Fractional entitlements
will be aggregated and sold in the market. The Shares arising or allotted
pursuant to the conversion will rank pari passu with the existing Shares of
the relevant class and, for the avoidance of doubt, will not rank for the
dividends declared on 17 July 2019 in respect of the UK Equity, Global Equity
Income and Managed Liquidity Shares.

The net changes to the number of shares outstanding following the conversion
and allotments are as follows:

    +886 UK Equity Shares                 
    -234 Global Equity Income Shares      
    -578 Balanced Risk Allocation Shares  
    -240 Managed Liquidity Shares         
  +1,487 Deferred Shares                  

Following the conversion, the total number of listed Shares in issue
(excluding shares held in treasury) will be:

  33,049,709 UK Equity Shares                 
  31,466,234 Global Equity Income Shares      
   5,617,850 Balanced Risk Allocation Shares  
   4,370,121 Managed Liquidity Shares         

The Company has applied for the following numbers of Shares arising or
allotted pursuant to conversion to be admitted to the Official List and to
trading on the London Stock Exchange:

  2,562 UK Equity Shares                 
  3,886 Global Equity Income Shares      
  2,980 Balanced Risk Allocation Shares  
   zero Managed Liquidity Shares         

Dealings in such shares are expected to commence at 8.00 a.m. on 2 August
2019. It is expected that Certificates in respect of the Resulting Shares will
be posted by 16 August 2019.

The Deferred Shares arising on the conversion will be cancelled.

The remaining conversion date for 2019 and those for 2020 are set out below.
Elections for conversion must be received by close of business ten days prior
to the respective conversion date. Where that day is not a business day,
elections by way of CREST must be transmitted and properly authenticated by
6.00pm on the last preceding business day. Written elections will be accepted
if received by the first post on the following business day.

 Conversion Date  Date by which elections for conversion must be received  
 1 November 2019  22 October 2019                                          
 3 February 2020  24 January 2020                                          
 1 May 2020       21 April 2020                                            
 3 August 2020    24 July 2020                                             
 2 November 2020  23 October 2020                                          

Instructions on how to convert Shares on any conversion date are available on
the web pages of all the share classes on the Investment Manager’s website:
www.invesco.co.uk/investmenttrusts and from the Company Secretary.

30 July 2019

Contact:        Angus Pottinger        020 3753 1000



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